Newberry VA Loan Rates, Closing Costs & Stats
Newberry, SC
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Newberry's 22 lenders originated 43 VA loans during 2023. The total origination value was $13,375,000, with an average VA loan value of $311,047.
Newberry VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Newberry
averaged
6.38%
for the week of 2024-12-13, compared to the national average (all VA variants) of
6.077% for the same period.
Newberry's average VA mortgage closing costs are $6,438.
The average rate for the prior week (2024-12-06) was
6.22% and
one month ago for the week of 2024-11-08, the
average rate was 6.61%.
The average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.98%.
Newberry VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Newberry level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
CARDINAL FINANCIAL | 5 | 7.15% | $28,803 |
Mortgage Research Center, LLC | 5 | 7.05% | $1,504 |
GUILD MORTGAGE COMPANY | 4 | 6.56% | $11,206 |
CROSSCOUNTRY MORTGAGE, LLC | 3 | 6.90% | $11,910 |
DELMAR FINANCIAL COMPANY | 3 | 7.16% | $7,245 |
DHI MORTGAGE COMPANY, LTD. | 2 | 4.37% | $2,718 |
RESOURCE FINANCIAL SERVICES, INC. | 2 | 6.56% | $8,302 |
Renasant Bank | 2 | 6.44% | $3,456 |
NEW DAY FINANCIAL, LLC | 1 | 6.25% | $5,367 |
QUICKEN LOANS, LLC | 1 | 6.99% | $6,805 |
RELIANCE FIRST CAPITAL, LLC | 1 | 5.50% | $10,840 |
Truist | 1 | 7.10% | $3,175 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.06% | $7,861 |
AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.75% | $12,724 |
VILLAGE CAPITAL MORTGAGE | 1 | 7.25% | $16,394 |
Ameris Bank | 1 | 6.13% | $4,044 |
First Palmetto Bank | 1 | 5.63% | $7,590 |
GUARANTEED RATE AFFINITY, LLC | 1 | 6.75% | $12,209 |
LOANPAL, LLC | 1 | 6.50% | $11,813 |
MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 7.75% | $8,287 |
MOVEMENT MORTGAGE, LLC | 1 | 6.00% | $6,558 |
NAVY FEDERAL CREDIT UNION | 1 | 5.25% | $2,705 |
The top Newberry VA lender as defined by loan originations is CARDINAL FINANCIAL, with
5 VA loans originated. Their average total fees are
$28,803, which is $27,300
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Newberry VA lenders (with over 10 loans originated) are
.
The lowest rate Newberry VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $159,450 (-0.2%) | $213,676 (-12.2%) | 0.00 | 139 |
2018-02-01 | $161,450 (8.0%) | $214,346 (-3.3%) | 0.00 | 129 |
2018-03-01 | $176,250 (21.6%) | $235,991 (7.6%) | 0.00 | 116 |
2018-04-01 | $234,000 (56.0%) | $258,935 (10.8%) | 0.00 | 107 |
2018-05-01 | $236,500 (32.9%) | $260,339 (5.1%) | 0.00 | 91 |
2018-06-01 | $199,900 (12.8%) | $256,734 (0.7%) | 0.00 | 102 |
2018-07-01 | $195,700 (8.8%) | $238,935 (-1.8%) | 0.00 | 115 |
2018-08-01 | $237,450 (37.9%) | $261,611 (12.1%) | 0.00 | 108 |
2018-09-01 | $229,900 (27.8%) | $250,899 (5.1%) | 0.00 | 103 |
2018-10-01 | $209,475 (19.7%) | $251,663 (9.4%) | 0.00 | 101 |
2018-11-01 | $223,475 (27.7%) | $246,556 (11.9%) | 0.00 | 93 |
2018-12-01 | $225,000 (30.5%) | $245,314 (13.0%) | 0.00 | 95 |
2019-01-01 | $219,000 (37.4%) | $242,047 (13.3%) | 0.00 | 88 |
2019-02-01 | $220,375 (36.5%) | $246,760 (15.1%) | 0.00 | 86 |
2019-03-01 | $236,000 (33.9%) | $266,512 (12.9%) | 0.00 | 87 |
2019-04-01 | $250,125 (6.9%) | $290,021 (12.0%) | 0.00 | 86 |
2019-05-01 | $217,200 (-8.2%) | $278,520 (7.0%) | 0.00 | 91 |
2019-06-01 | $195,400 (-2.3%) | $259,142 (0.9%) | 0.00 | 86 |
2019-07-01 | $193,100 (-1.3%) | $251,170 (5.1%) | 0.00 | 88 |
2019-08-01 | $194,405 (-18.1%) | $247,283 (-5.5%) | 0.00 | 95 |
2019-09-01 | $190,211 (-17.3%) | $242,552 (-3.3%) | 0.00 | 96 |
2019-10-01 | $187,416 (-10.5%) | $239,398 (-4.9%) | 0.00 | 93 |
2019-11-01 | $184,999 (-17.2%) | $246,932 (0.2%) | 0.00 | 93 |
2019-12-01 | $187,450 (-16.7%) | $246,651 (0.6%) | 0.00 | 95 |
2020-01-01 | $198,450 (-9.4%) | $258,781 (6.9%) | 0.00 | 82 |
2020-02-01 | $199,900 (-9.3%) | $272,399 (10.4%) | 0.00 | 86 |
2020-03-01 | $208,408 (-11.7%) | $275,522 (3.4%) | 0.00 | 84 |
2020-04-01 | $211,380 (-15.5%) | $284,288 (-2.0%) | 0.00 | 85 |
2020-05-01 | $229,950 (5.9%) | $302,857 (8.7%) | 0.00 | 81 |
2020-06-01 | $224,424 (14.9%) | $299,861 (15.7%) | 0.00 | 63 |
2020-07-01 | $223,427 (15.7%) | $295,016 (17.5%) | 0.00 | 59 |
2020-08-01 | $219,900 (13.1%) | $276,975 (12.0%) | 0.00 | 48 |
2020-09-01 | $198,625 (4.4%) | $239,626 (-1.2%) | 0.00 | 47 |
2020-10-01 | $192,500 (2.7%) | $246,698 (3.1%) | 0.00 | 41 |
2020-11-01 | $207,450 (12.1%) | $253,676 (2.7%) | 0.00 | 36 |
2020-12-01 | $235,000 (25.4%) | $295,374 (19.8%) | 0.00 | 44 |
2021-01-01 | $223,500 (12.6%) | $269,204 (4.0%) | 0.00 | 36 |
2021-02-01 | $233,750 (16.9%) | $278,941 (2.4%) | 0.00 | 42 |
2021-03-01 | $249,913 (19.9%) | $305,775 (11.0%) | 0.00 | 33 |
2021-04-01 | $249,000 (17.8%) | $303,252 (6.7%) | 0.00 | 22 |
2021-05-01 | $256,375 (11.5%) | $303,944 (0.4%) | 0.00 | 21 |
2021-06-01 | $187,500 (-16.5%) | $327,635 (9.3%) | 0.00 | 28 |
2021-07-01 | $275,000 (23.1%) | $367,964 (24.7%) | 0.00 | 29 |
2021-08-01 | $257,875 (17.3%) | $374,764 (35.3%) | 0.00 | 37 |
2021-09-01 | $306,875 (54.5%) | $427,215 (78.3%) | 0.00 | 43 |
2021-10-01 | $295,000 (53.3%) | $376,227 (52.5%) | 0.00 | 42 |
2021-11-01 | $300,975 (45.1%) | $447,394 (76.4%) | 0.00 | 37 |
2021-12-01 | $300,750 (28.0%) | $436,155 (47.7%) | 0.00 | 30 |
2022-01-01 | $274,950 (23.0%) | $430,329 (59.9%) | 0.00 | 26 |
2022-02-01 | $245,500 (5.0%) | $423,765 (51.9%) | 0.00 | 17 |
2022-03-01 | $300,165 (20.1%) | $486,032 (59.0%) | 0.00 | 21 |
2022-04-01 | $302,940 (21.7%) | $464,355 (53.1%) | 0.00 | 36 |
2022-05-01 | $308,740 (20.4%) | $497,143 (63.6%) | 0.00 | 47 |
2022-06-01 | $309,065 (64.8%) | $432,643 (32.1%) | 0.00 | 58 |
2022-07-01 | $306,490 (11.5%) | $431,245 (17.2%) | 0.00 | 68 |
2022-08-01 | $310,165 (20.3%) | $421,836 (12.6%) | 0.00 | 62 |
2022-09-01 | $310,000 (1.0%) | $414,530 (-3.0%) | 0.00 | 59 |
2022-10-01 | $304,390 (3.2%) | $392,733 (4.4%) | 0.00 | 68 |
2022-11-01 | $299,950 (-0.3%) | $369,466 (-17.4%) | 0.00 | 74 |
2022-12-01 | $289,900 (-3.6%) | $364,707 (-16.4%) | 0.00 | 73 |
2023-01-01 | $297,145 (8.1%) | $374,444 (-13.0%) | 0.00 | 59 |
2023-02-01 | $285,018 (16.1%) | $338,327 (-20.2%) | 0.00 | 56 |
2023-03-01 | $276,500 (-7.9%) | $359,934 (-25.9%) | 0.00 | 56 |
2023-04-01 | $305,000 (0.7%) | $437,500 (-5.8%) | 0.00 | 64 |
2023-05-01 | $401,000 (29.9%) | $472,371 (-5.0%) | 0.00 | 48 |
2023-06-01 | $356,750 (15.4%) | $458,502 (6.0%) | 0.00 | 41 |
2023-07-01 | $375,000 (22.4%) | $462,830 (7.3%) | 0.00 | 39 |
2023-08-01 | $413,750 (33.4%) | $503,140 (19.3%) | 0.00 | 44 |
2023-09-01 | $349,750 (12.8%) | $475,469 (14.7%) | 0.00 | 54 |
2023-10-01 | $356,713 (17.2%) | $496,723 (26.5%) | 0.00 | 69 |
2023-11-01 | $356,549 (18.9%) | $506,658 (37.1%) | 0.00 | 67 |
2023-12-01 | $346,895 (19.7%) | $480,324 (31.7%) | 0.00 | 69 |
2024-01-01 | $339,199 (14.2%) | $467,779 (24.9%) | 0.00 | 65 |
2024-02-01 | $331,983 (16.5%) | $482,530 (42.6%) | 0.00 | 62 |
2024-03-01 | $329,950 (19.3%) | $475,450 (32.1%) | 0.00 | 62 |
2024-04-01 | $324,950 (6.5%) | $499,652 (14.2%) | 0.00 | 69 |
2024-05-01 | $354,802 (-11.5%) | $547,067 (15.8%) | 0.00 | 76 |
2024-06-01 | $339,900 (-4.7%) | $534,747 (16.6%) | 0.00 | 86 |
2024-07-01 | $310,339 (-17.2%) | $453,005 (-2.1%) | 0.00 | 93 |
2024-08-01 | $305,900 (-26.1%) | $440,853 (-12.4%) | 0.00 | 92 |
2024-09-01 | $324,950 (-7.1%) | $453,522 (-4.6%) | 0.00 | 84 |
2024-10-01 | $326,304 (-8.5%) | $426,379 (-14.2%) | 0.00 | 74 |
2024-11-01 | $347,891 (-2.4%) | $451,841 (-10.8%) | 0.00 | 78 |
Newberry's median listing price comes in at 0% of the national average.
Newberry's average listing price for 2024-11-01 was $451,841, a difference of $-54,817 (-10.8%) versus the prior year and $25,462 versus the prior month.
For the 2024-11-01 period, Newberry had 78 MLS listings, a difference of 4 listings (5%) versus the prior month and 11 listings (16%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,861 sqft |
2018-02-01 | 0 days | 1,815 sqft |
2018-03-01 | 0 days | 1,945 sqft |
2018-04-01 | 0 days | 1,985 sqft |
2018-05-01 | 0 days | 2,064 sqft |
2018-06-01 | 0 days | 1,907 sqft |
2018-07-01 | 0 days | 1,817 sqft |
2018-08-01 | 0 days | 1,920 sqft |
2018-09-01 | 0 days | 1,935 sqft |
2018-10-01 | 0 days | 1,973 sqft |
2018-11-01 | 0 days | 1,944 sqft |
2018-12-01 | 0 days | 2,010 sqft |
2019-01-01 | 0 days | 1,995 sqft |
2019-02-01 | 0 days | 1,944 sqft |
2019-03-01 | 0 days | 1,906 sqft |
2019-04-01 | 0 days | 1,854 sqft |
2019-05-01 | 0 days | 1,877 sqft |
2019-06-01 | 0 days | 1,856 sqft |
2019-07-01 | 0 days | 1,770 sqft |
2019-08-01 | 0 days | 1,716 sqft |
2019-09-01 | 0 days | 1,716 sqft |
2019-10-01 | 0 days | 1,736 sqft |
2019-11-01 | 0 days | 1,824 sqft |
2019-12-01 | 0 days | 1,857 sqft |
2020-01-01 | 0 days | 1,915 sqft |
2020-02-01 | 0 days | 2,004 sqft |
2020-03-01 | 0 days | 2,002 sqft |
2020-04-01 | 0 days | 1,986 sqft |
2020-05-01 | 0 days | 2,000 sqft |
2020-06-01 | 0 days | 1,971 sqft |
2020-07-01 | 0 days | 1,908 sqft |
2020-08-01 | 0 days | 1,986 sqft |
2020-09-01 | 0 days | 1,912 sqft |
2020-10-01 | 0 days | 1,929 sqft |
2020-11-01 | 0 days | 1,997 sqft |
2020-12-01 | 0 days | 1,967 sqft |
2021-01-01 | 0 days | 2,009 sqft |
2021-02-01 | 0 days | 1,917 sqft |
2021-03-01 | 0 days | 1,918 sqft |
2021-04-01 | 0 days | 2,044 sqft |
2021-05-01 | 0 days | 1,964 sqft |
2021-06-01 | 0 days | 1,690 sqft |
2021-07-01 | 0 days | 1,950 sqft |
2021-08-01 | 0 days | 2,020 sqft |
2021-09-01 | 0 days | 2,122 sqft |
2021-10-01 | 0 days | 2,100 sqft |
2021-11-01 | 0 days | 2,103 sqft |
2021-12-01 | 0 days | 2,276 sqft |
2022-01-01 | 0 days | 2,146 sqft |
2022-02-01 | 0 days | 1,821 sqft |
2022-03-01 | 0 days | 2,090 sqft |
2022-04-01 | 0 days | 2,049 sqft |
2022-05-01 | 0 days | 2,196 sqft |
2022-06-01 | 0 days | 2,196 sqft |
2022-07-01 | 0 days | 2,232 sqft |
2022-08-01 | 0 days | 2,232 sqft |
2022-09-01 | 0 days | 2,361 sqft |
2022-10-01 | 0 days | 2,303 sqft |
2022-11-01 | 0 days | 2,233 sqft |
2022-12-01 | 0 days | 2,196 sqft |
2023-01-01 | 0 days | 2,204 sqft |
2023-02-01 | 0 days | 2,182 sqft |
2023-03-01 | 0 days | 2,189 sqft |
2023-04-01 | 0 days | 2,185 sqft |
2023-05-01 | 0 days | 2,288 sqft |
2023-06-01 | 0 days | 2,150 sqft |
2023-07-01 | 0 days | 1,886 sqft |
2023-08-01 | 0 days | 1,869 sqft |
2023-09-01 | 0 days | 1,990 sqft |
2023-10-01 | 0 days | 2,225 sqft |
2023-11-01 | 0 days | 2,225 sqft |
2023-12-01 | 0 days | 2,204 sqft |
2024-01-01 | 0 days | 2,137 sqft |
2024-02-01 | 0 days | 2,189 sqft |
2024-03-01 | 0 days | 2,132 sqft |
2024-04-01 | 0 days | 2,056 sqft |
2024-05-01 | 0 days | 2,199 sqft |
2024-06-01 | 0 days | 2,018 sqft |
2024-07-01 | 0 days | 1,981 sqft |
2024-08-01 | 0 days | 1,971 sqft |
2024-09-01 | 0 days | 2,046 sqft |
2024-10-01 | 0 days | 2,100 sqft |
2024-11-01 | 0 days | 2,100 sqft |
Newberry's median square footage for active listings during the 2024-11-01 period was 2,100 sqft. One year prior, the average listing was 2,225 sqft.